Colombia Plastic Market Size, Share, Price, Analysis, Report and Forecast 2023-2028

According to the report by Expert Market Research (EMR), the Colombia Plastic Market Size Reached a value of USD 4.68 billion in 2022. Aided by the growing demand for plastic in a wide array of industries and the increase in the development of reusable and recyclable plastics, the market is projected to further grow at a CAGR of 3.40% between 2023 and 2028 to reach a value of USD 5.71 billion by 2028.

Plastic is a versatile and resilient material that has found extensive application in diverse sectors, such as packaging, construction, healthcare, automotive, and more. It offers advantages such as durability, low cost, water resistance, and flexibility, which makes it an ideal choice for numerous industrial applications. From disposable wrappers to advanced components in automobiles and aircraft, plastic is an integral part of modern life.

The Colombia plastic market growth is primarily driven by the burgeoning industrial growth in the country. Industries like packaging, construction, and automotive are rapidly growing, leading to a heightened demand for plastic due to its versatile and durable nature. In particular, the surge in e-commerce activities has resulted in increased demand for durable and efficient plastic packaging solutions.

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Furthermore, plastic finds expanding applications in various sectors, which bolsters the Colombia plastic market expansion. In construction, plastic is extensively used for insulation, piping, window frames, and flooring. In the automotive industry, lightweight plastic components are integral to enhancing vehicle fuel efficiency. Meanwhile, in the healthcare sector, plastic is indispensable for making medical equipment, protective gear, and packaging.

Simultaneously, the shift towards sustainable plastic manufacturing practices in Colombia is propelling the plastic market. Amid growing environmental concerns, many manufacturers are adopting sustainable practices such as recycling and the use of biodegradable plastics. This move aligns with increasing consumer awareness and demand for eco-friendly products, which boosts the market further.

Additionally, the government’s initiatives to stimulate industrial growth and promote domestic production are expected to bolster the Colombia plastic market development. Policies that incentivise local manufacturing, along with investment in technological advancements and infrastructure, are fostering a conducive environment for the expansion of the plastic market.

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Market Segmentation

The market can be divided based on product, application, and end use.

Market Breakup by Product

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyurethane (PU)
  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polybutylene Terephthalate (PBT)
  • Polycarbonate (PC)
  • Bioplastics
  • Others

Market Breakup by Application

  • Injection Moulding
  • Blow Moulding
  • Roto Moulding
  • Compression Moulding
  • Casting
  • Thermoforming
  • Extrusion
  • Calendering
  • Others

Market Breakup by End Use

  • Packaging
  • Construction
  • Electrical and Electronics
  • Automotive
  • Medical Devices
  • Agriculture
  • Furniture and Bedding
  • Consumer Goods
  • Utility
  • Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Colombia plastic companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • Evonik Industries AG
  • Formosa Plastics Corporation
  • Dow Chemical Company
  • LyondellBasell Industries Holdings B.V.
  • Enka de Colombia SA
  • Others

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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